Pre-Retirement. 35.01 An Employee who has attained age fifty-five (55), and has officially notified the Employer of their intended retirement date, will be entitled, in the final twelve (12) months prior to retirement, to one (1) day’s leave with pay for each ten (10) days sick leave accumulation in excess of one hundred and twenty (120) days. Such leave will be to a maximum of five
35.02 An Employee will be entitled to an extra week's vacation, once, to be taken prior to retirement where that Employee has either:
(a) attained the age of sixty (60) and where age plus service equals eighty (80); or
(b) attained the age of fifty-five (55) and where age plus service equals eighty (80) and that Employee has officially notified the University of their intention to retire prior to age sixty (60).
35.03 The Employer agrees to provide YusApuY, quarterly, with a list of those Employees who have provided written notice of retirement to the Pension & Benefits Office of the Department of Human Resources during the previous quarter.
Pre-Retirement. The College and the Union recognize a joint responsibility towards preparing employees for retirement upon acceptance of a mutually agreeable retirement program.
Pre-Retirement. Staff in full-time or fractional-time continuing employment may elect to apply to reduce their time commitment under a pre-retirement contract to a fraction of not less than 0.3 and not more than 0.8 of full-time, when they are within five years or less of being eligible to receive a retirement benefit from their superannuation scheme.
Pre-Retirement. Banked load may be used pending retirement from the District: upon written notification of intent to retire. The faculty member shall, at the faculty memer’s discretion, use a semester of banked leave as the final semester of employment and have his/her retirement date effective at the conclusion of that semester.
Pre-Retirement. A unit member may elect to continue medical, dental and vision coverage while on unpaid leave as provided in Article 16, §16.6 of this Agreement. A unit member may elect to continue medical coverage while on a paid leave as provided in Article 16, §16.6 of this Agreement.
Pre-Retirement. For each school year between the time the notice of intent to retire is given and the date of retirement, beginning with the year the notice is given, the employee shall receive his/her creditable earnings being (106%) of the previous year’s creditable earnings as reported to TRS.
Pre-Retirement. In the event Employee's employment by Corporation is terminated due to Employee's death, Employee's Beneficiary shall be entitled to receive a death benefit equal to the value of Employee's Deferred Compensation Account. Such death benefit shall be paid in a lump sum to Employee's beneficiary within one hundred twenty (120) days of Employee's death.
Pre-Retirement. If a Participant with a vested benefit for whom retirement benefits have not commenced dies, there shall be a death benefit payable under this Plan equal to the portion of the Participant's Applicable Benefit Amount set forth in Schedule B or Schedule C, as the case may be, that can be provided by the amount the Bank has accrued on its books as a liability for the Participant's benefit under this Plan as of the date of the Participant's death, minus the amount of the death benefit, if any, that is payable under any death benefit or insurance arrangement that specifically references this Plan (but not less than zero).
Pre-Retirement. Upon your death while actively employed, the Company will provide a lump sum payment to a Beneficiary or Beneficiaries you have designated in this agreement in the amount of $200,000.00. This benefit will be made payable as soon as administratively feasible. Any notional or excess amount of death benefit beyond $200,000.00 that may be created by any associated actual life insurance policy maintained on your life by the company will remain as an asset of the company. If you fail to designate an appropriate Beneficiary or Beneficiaries, or if your Beneficiary or Beneficiaries have all predeceased you, your Death Benefit will be paid as a single lump sum to the personal representative of your estate.
Pre-Retirement. The District shall provide the opportunity for a full-time employee to reduce the work year for full- time to part-time duties and retain all retirement benefits. The employee would be expected to meet all the following requirements:
1. The employee shall have reached the age of fifty-five (55) prior to the first day of the semester in which part-time employment is requested and shall submit a request in writing to the Human Resources Dept. ninety (90) days prior to the beginning of the semester in which the pre- retirement program is obtained.
2. Length of participation in the pre-retirement program shall not exceed ten (10) years. Employees requesting pre-retirement shall have been employed in the District full-time in a position requiring certification for at least ten (10) years, including the immediate preceding five (5) years.
